ATARS II: $1.1B to Lockheed to Train AFSOCOM Pilots. Lockheed Martin has announced a 10-year Aircrew Training and Rehearsal Support II (ATARS II) contract from USAF Special Operations Command (AFSOCOM).
You invest pre-tax earnings in an IRA and your investment grows on a tax-deferred basis. You can use IRA funds to buy almost any kind of investment including an annuity. Under federal tax laws, you must begin making annual withdrawals from your IRAs once you reach the age of 70 1/2. The size of the withdrawals depends on your life expectancy and the balance of your IRA accounts.
RRIF Withdrawals. ANNUAL RRIF WITHDRAWALS. You may start receiving withdrawals from your RRIF as soon as the account is set up, but the annual minimum payment must be taken by December 31 of the year following the year the RRIF was established, and each year thereafter.